Research Alert: CFRA Maintains Hold Opinion On Owens Corning With A $136 Target Price
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CFRA maintains a Hold opinion on Owens Corning with a target price of $136. The target is based on a forward P/E of 8.5x the 2027 EPS estimate of $12.72 and a DCF model. Q1 results showed a 10% revenue decline and a 35% drop in EBITDA, with margins compressing by 600 basis points. However, Q2 margins are expected to improve to 20-22%. The completion of the glass reinforcements sale for $280M may contribute to positive share responses in pre-market trading.
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